What are the instructions for Box 12 on W-2?

The W-2 box 12 codes are: A — Uncollected Social Security or RRTA tax on tips. Include this tax on Form 1040 Schedule 2, line 8, check box c and, in the space next to that box, enter the amount of the tax and the code that identifies it, here as “UT”. B — Uncollected Medicare tax on tips.

Why does my W-2 say view instructions Box 12?

Also, Box 12 usually has “See instructions for box 12” or “See instrs for box 12”. Please ignore – that’s intended for your payroll department. amount represents the social security and Medicare tax on the tips you reported to your employer.

Do you have to enter box 12 on my W-2?

You are not required to complete box 12 with code Y (Deferrals under a section 409A nonqualified deferred compensation plan). Section 409A provides that all amounts deferred under a nonqualified deferred compensation (NQDC) plan for all tax years are includible in gross income unless certain requirements are satisfied.

What are the codes in Box 12 on W2?

The new W2 includes a new Box 12 Code FF, which will be used to designate Permitted Benefits Under a Qualified Small Employer Health Reimbursement Arrangement. Employers should use this code FF to report in box 12 any amounts of benefits allowable under a QSEHRA.

What is box 12 instructions?

On the W-2 box 12, Code W is for Employer Contributions to a Health Savings Account (HSA). Form 1040 Instructions indicate it is supposed to appear on Schedule 1, line 36 (line 36 of the 1040 in Drake17 and prior).. Contributions to section 501(c)(18)(D) pension plans (see Pub. 525). Identify as “501(C)(18)(D)”.

What is the form W2 box 12 codes mean?

The W-2 Box 12 codes provide more information and determine if the amount is income. However, if any amount is gross income, it’s already included in W-2 Box 1. Each W2 Form box 12 code is either a single or double letter code. The W2 Box 12 codes are: A — Uncollected Social Security or RRTA tax on tips.

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